(Doc Name h:\legwork\house\amend\H-WM\001\REIMB TAXING JURISD.DOCX):
EXPLANATION: requires the Conservation Bank Trust Fund or DNR to ensure that there is a method to reimburse lost ad valorem tax revenue before they acquire or accept real property on behalf of the state.
Amend the bill, as and if amended, Part IB, Section 43, S.C.
CONSERVATION BANK, page 412, after line 19, by adding an
appropriately numbered paragraph to read:
/ (CB: Reimbursements to Taxing
Jurisdictions) In the current fiscal year, before the
Conservation Bank Trust Fund or the Department of Natural
Resources may acquire or accept real property on behalf of the
State to be placed and held in a public program or to be put to
a recreational or wildlife use by the general public, the
department or Conservation Bank Trust Fund shall insure that a
means is provided in the transaction agreements for the seller
or donor, or department or trust fund, to reimburse the county
and property taxing jurisdictions in the county in which the
property is located for the ad valorem tax revenue lost in the
current fiscal year as a result of removing the property from
the property tax rolls./
Renumber sections to conform.
Amend totals and titles to conform.